Latest Business News Wires - Business Headlines


  • COLUMN-U.S. airlines cut fuel consumption: Kemp Thursday, 6 Feb 2014 | 7:22 AM ET

    Yet in the United States, a quadrupling of crude and jet fuel prices since 2003, coupled with the prolonged recession, has cut jet fuel consumption by around half a billion barrels per year compared with the previous trend.

  • ACCRA, Feb 6- Ghana's central bank raised its main policy rate by 200 basis points on Thursday to 18 percent in response to external pressures and in a drive to curb a fall in the cedi currency, Governor Henry Kofi Wampah told a news conference. The rise was the first shift in the rate since May and had been expected, though most analysts forecast a 100 basis point rise.

  • *Progress made between Arbil, Baghdad over oil row. *Issues narrowed down to three, Genel Energy says. ISTANBUL, Feb 6- Iraqi Kurdistan and the central government in Baghdad are close to resolving a long-standing dispute over the sharing of oil revenues, said the president of Genel Energy, which operates in the region.

  • LONDON, Feb 6- Brent crude rose above $107 a barrel on Thursday, recovering from a near three-month low hit at the start of the week as traders weighed Libyan supply disruptions against fears that turmoil in emerging markets could slow global growth.

  • AOL revenue rises 13 pct as ad sales jump Thursday, 6 Feb 2014 | 7:14 AM ET

    Feb 6- Digital media and entertainment company AOL Inc reported a better-than-expected 13 percent rise in quarterly revenue as its advertising revenue rose, especially from video. Net income attributable to AOL rose to $36 million, or 43 cents per share, in the quarter from $35.7 million, or 41 cents per share a year earlier.

  • *Alcatel-Lucent surges 11.5 percent after results. LONDON, Feb 6- European equities bounced back from oversold technical levels on Thursday after a sharp two-week drop, with reassuring earnings from major companies Alcatel-Lucent and AkzoNobel boosting their shares.

  • BRUSSELS, Feb 6- EU lawmakers called on Thursday for a strengthening of plans to tackle failed banks in the euro zone, as tensions mounted in talks to seal the important reform.

  • Feb 6- Diamond Offshore Drilling Inc reported a better-than-expected profit as the rates it earned for its ultra-deepwater rigs shot up in the fourth quarter. Diamond Offshore also received delivery of a deepwater rig, Chief Executive Larry Dickerson said in a statement.

  • *Gold waits for further data cues, China opening. LONDON, Feb 6- Gold steadied on Thursday, reflecting little change in the dollar and equity markets as investors awaited a European Central Bank meeting and a series of U.S. jobs data for cues over global economic growth.

  • LONDON, Feb 6- Japan's Mitsubishi UFJ Securities International became the latest bank to withdraw from the commodities sector, hit by weaker investor interest and tougher regulation. JP Morgan is in the process of selling its physical commodities unit and Deutsche Bank said last year it was largely exiting commodity trading.

  • ISLAMABAD Feb 6- Pakistan's Karachi Stock Exchange is investigating whether staff profited from years of unauthorised access to real time trading data in a market that has rocketed more than 450 percent since 2009..

  • ZURICH, Feb 6- Swiss watch exports to China rose in December, data showed on Thursday, adding to signs a difficult spell for luxury goods makers in an important market may be coming to an end after Swatch Group's upbeat statements on Wednesday.

  • *Alstom Transport chief sees IPO as early as June. *Seeks to deepen alliances in Russia, China, Japan. PARIS, Feb 6- Cash-hungry engineering firm Alstom may use a stock market listing to sell a stake in its transport business as early as June if a trade buyer cannot be found sooner for the maker of France's iconic high-speed trains, its transport chief said.

  • Feb 6- Aetna Inc, the third-largest U.S. health insurer, on Thursday said fourth-quarter profit rose due to the acquisition of Coventry Healthcare, and it forecast an increase in medical customers in its private Medicare business in 2014..

  • *Spain beats target at debt sale, yields fall. LONDON, Feb 6- Spanish bond yields fell on Thursday after a larger than usual debt auction went smoothly, boosted by expectations that the European Central Bank may ease monetary policy further.

  • MEG Energy's loss widens as Canadian dollar falls Thursday, 6 Feb 2014 | 6:24 AM ET

    The company said its net loss widened to C $148.2 million, or 67 Canadian cents per share, in the quarter ended Dec. 31 from C $18.7 million, or 9 Canadian cents, a year earlier. MEG, whose key operations are in the southern Athabasca oil sands region of Alberta, said it ended 2013 with net debt of C $2.90 billion.

  • DUBAI/ BAGHDAD, Feb 6- Iraq plans to auction third-generation telecommunications licences for a minimum of $307 million each, sources familiar with the matter said, a move that could allow new entrants into the sector but slow the rollout of mobile Internet services.

  • Feb 6- Aetna Inc, the third-largest U.S. health insurer, on Thursday said fourth quarter profit rose due to the acquisition of Coventry Healthcare and forecast an increase in medical customers in its private Medicare business in 2014..

  • Feb 6- Dunkin' Brands Group Inc reported a 23 percent rise in quarterly profit, driven by higher growth in sales at its Dunkin' Donuts coffee and sandwich outlets. The company's net income rose to $42.1 million, or 39 cents per share, in the fourth quarter ended Dec. 28 from $34.3 million, or 32 cents per share, a year earlier.

  • *Q4 sales $6.84 bln vs consensus $6.88 bln. *Q4 core earnings per share $1.23 vs consensus $1.16. LONDON, Feb 6- AstraZeneca expects earnings to keep falling in 2014 as generic competition to its popular heartburn and ulcer drug Nexium takes a big bite out of U.S. profits from late May.